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Prediction markets are rapidly going mainstream, and one expert argues that their simplicity could make them the first DeFi tool to achieve mass adoption. Mike Rychko, a researcher at prediction market infrastructure provider Azuro, thinks prediction markets are breaking into the mainstream — and the data appears to back him up. In a Thursday X…
Data from Polymarket showed one user with a recently opened account made more than $30,000 exclusively through bets on the peace prize winner. Norwegian officials have reportedly launched an investigation into prediction platforms’ bets on 2025 Nobel Peace Prize winner María Corina Machado as potential espionage. According to a Bloomberg report on Monday, the Norwegian…
The self-described university dropout came to the attention of Kalshi’s executives due to his social media activity. Prediction market platform Kalshi has hired digital assets influencer John Wang as its head of crypto in a move the CEO called “betting on slope.” In a Monday notice, Kalshi CEO Tarek Mansour said the company had hired…
The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday. Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his]…
The platform launched the betting market for the GENIUS Act after the US Senate passed it on Tuesday. Cryptocurrency users are betting on the odds that US legislation to regulate payment stablecoins will move forward, following a crucial vote in the Senate and a public push from President Donald Trump to “get it to [his]…
The predictions platform suggested that “election markets are here to stay” in a social media post after the Commodity Futures Trading Commission filed its request with the court. The US Commodity Futures Trading Commission (CFTC) is seeking permission from the court to drop an appeal against prediction market Kalshi. The move could allow the platform…
Crypto betting platform Stake reportedly had revenue of $4.7 billion in 2024, rivaling traditional betting platforms. Crypto casinos generated more than $81 billion in revenue in 2024, even as regulators in key jurisdictions continued to block access to the platforms, according to a new report. Citing data from the anti-online-crime platform Yield Sec, the Financial…
Polymarket’s Trump/Ukraine mineral deal bet sparked a backlash as a whale-controlled vote settled it incorrectly, raising concerns over manipulation and governance risks. Polymarket, the world’s largest decentralized prediction market, is under fire after a controversial outcome raised concerns over potential governance manipulation in a high-stakes political bet. A betting market on the platform asked whether…
“Massachusetts aims to launch sports betting in late January” BOSTON — The Massachusetts Gaming Commission is planning to launch in-person sports betting in the state in late January, just in time for the Super Bowl. The commission set a timeline at a meeting Friday, aiming to start in-person sports betting in late January at casinos…
“Sports bettors will want to remember these four keys when wagering” Sometimes in sports betting, we need to worry about what not to do, instead of just trying to pick winners. Here are four things to avoid as the sports calendar heats up in March. 1. Changing unit size Money management may be the most…